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On Tuesday announced a deal for many years, after a partnership, Netflix company last year with the weinstein company forge. The deal gives its flow right of the oscar-winning film, "artists", as well as other foreign films and documentaries, from studio at the age of eight.
The New Deal to Netflix right to display all of the film, the weinstein company and its affiliated companies, Dimension film release, then appear in the pay TV channel. Which makes it more competitive channels such as HBO and Showtime has always been the first film, after their theatrical run.
The latest coup, investors applauded Netflix, a slight retreat before the company's shares rose to a new two-year highs of $273.53. Shares rose $13.51, up more than 5%, closing at $273.29 on Tuesday.
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The latest weinstein trading financial terms were not disclosed.
Netflix has get exclusive content permissions, costly and fund its own original programming. CEO Reed Hastings (Reed Hastings) hopes to draw $600000 to $900000, the company's $8 per a month of service users. Netflix as of June 2010 in the United States has nearly 30 million users and 775 international customers scattered in 39 other countries.
, the company is headquartered in Los Gatos, California spends about $20 billion in shares of Internet video library, because it is for the audience to premium cable channels, such as time warner's HBO and other online services, including a rapidly expanding offering from Amazon.com Inc.
Brother Bob and Harvey weinstein founded miramax in 1979, the weinstein company launched in 2005. Since then, the weinstein company has released two films have won an Oscar for best picture, "artists" and "the king's speech."
"We look forward to working with weinstein brothers reshape pay-tv window, said:" ted Sarandos Netflix's chief content officer.
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